Withdrawal timescales?
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The ISA's with IM (i.e before the move over to Cobens) were flexible ones and you could take as much as you liked out and pay it back in within a tax year.
I don't know if this has changed with the move to Cobens but expect that Adam/Nik will be along soon to give definitive wisdom.
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Hi O, no change to any product wrappers. Still flexible . Take what you want and you can return it no issue within the same TY
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Have to say, myself and Mrs R have found the "flexible" aspect of the ISA's to be an absolute dream despite having given no thought to the benefits of that when initially setting it up.
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Thanks for the confirmation. And presumably the timescales are pretty much the same?
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Last time we used the flexibility aspect to withdraw some money was last year. The sum amount was around £200k and the only complication was that we stupidly did it over the 4th July holiday period but other than that everything was as per the timescales given.
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Timescales are unchanged. Allow 5 working days for ISA/GIA.
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Hi G,
I think there is a difference between a one off withdrawal and a regular Income payment. I'm not sure if it is treated as a 'new' draw down. I'll let Nik answer that.
Regards
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I did an additional one this month ..took a couple of weeks
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Afternoon Adam
How long for a request landing for a pension withdrawal until cash in my bank?
Nb this is a pension which has already been drawn from so all things are already in place for further withdrawals (I guess)
Tia
It would typically be 2-3 weeks, there are a few variables that need reporting to HMRC dependent on the type of withdrawal.
Moving the required funds to cash ahead of the withdrawal can make the process quicker as it negates the wait for encashment later in the process
Feel from to drop me a message if it is urgent and I will watch it through for you
